Investment
Investment , Field Development
Tullow Oil’s New Strategy Focuses on Squeezing West Africa Fields
Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt.
Investment , Renewables
UGI Subsidiary Invests in Renewable Gas Project
UGI Corp.'s subsidiary, UGI Energy Services LLC, entered into definitive agreements on Nov. 20 to invest in New Energy One HoldCo LLC, which is part of the team developing a utility-scale renewable natural gas (RNG) project in Idaho.
Investment , Logistics
Tokyo Gas Invests in MIT-born Startup Heila Technologies
Acario Investment One LLC, a wholly owned subsidiary of Tokyo Gas Co. Ltd., on Nov. 20 said it invested in Heila Technologies Inc., a U.S. start-up company that develops and sells integrated DER (Distributed Energy Resources) control systems for energy microgrids.
Investment , Emissions , Renewables
Petronas Steps Ups Investments in Hydrogen as Part of Carbon-Free Energy Goals
Malaysia’s state energy firm Petronas on Nov. 20 said it is stepping up investments in hydrogen as part of a global push to produce carbon-free energy, even as the firm expands its portfolio in LNG and renewable energy.
Investment
McDermott Secures $560 Million in New Capital to Fund Future Growth
McDermott International Ltd. has secured approximately $560 million in new capital through a series of transactions expected to close by the end of the year, the company said on Nov. 18.
Investment , Transactions
FourPass Energy, Oaktree to Launch Oil, Gas Operating Company with $900 Million Commitment
Former Felix Energy executives team up to pursue large-scale, oil-weighted, producing assets. Certain funds managed by Oaktree pledge $600 million in initial equity withan option to invest an additional $300 million.
Investment , Emissions , Renewables , Digital Oilfield
Panasonic, Equinor, Hydro to Explore Potential for European Battery Business
The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway.
Investment , Construction , Pipelines
TC Energy, Natural Law Energy Sign Keystone XL Agreement
The deal provides an opportunity to invest up to $1 billion in Keystone XL pipeline.
Investment , Renewables , Technology
Eni, Falck Renewables Ink Agreement to Acquire 30 MW Solar Project in Virginia
Falck Renewables North America Inc. and Eni New Energy US Inc. through Novis Renewables Holdings LLC (Novis), a partnership with 51% and 49% shares respectively, signed an agreement with Savion LLC on Nov. 17 to acquire the ready to build 30 MW Westmoreland solar project located in Westmoreland County, Virginia.
Investment , Renewables , Digital Oilfield
Fugro, NYK Set to Expand Offshore Wind Geotechnical Services in Japan
Fugro and NYK Group (NYK) have signed a memorandum of understanding (MOU) on Nov. 16 to provide offshore geotechnical services in Japan.